New Zealand Employment Change is an important leading indicator, which often has a significant impact on the markets. Traders and analysts carefully examine employment figures, looking for any trends which could affect NZD/USD. A reading which is better than the market forecast is bullish for the New Zealand dollar. Here are the details and 5 possible outcomes for NZD/USD. Published on … “NZD/USD: Trading the New Zealand jobs report Feb 2013”
Month: February 2013
Euro Regains Strength, Policy Makers Unlikely to Intervene
The euro jumped today following yesterday’s slump as unexpectedly favorable macroeconomic data increased attractiveness of the currency, while hopes that policy makers will not prevent appreciation added to the euro’s strength. Fears of the political turmoil in Europe abated, reducing pressure on the shared currency of the eurozone. At the same time, several positive report were released, including the eurozone composite Purchasing Managers’ Index that rose from 48.3 to 48.6 in January even … “Euro Regains Strength, Policy Makers Unlikely to Intervene”
Japanese Yen Lose Ground to Other Majors
Japanese yen is losing ground today, heading lower after some show of strength earlier. Yen is retreating as the situation looks to be changing from one of risk aversion to risk appetite. Plus, more easing is expected for the yen, and that is likely to contribute to weakness. Even though the yen saw some strength earlier, that has quickly been overcome by a bit of risk appetite, as well as the strong expectation … “Japanese Yen Lose Ground to Other Majors”
US Dollar Pares Some of Its Earlier Gains
US dollar is paring some of its earlier gains as risk appetite begins to make an appearance today. After some political uncertainty in Europe weighed on the euro, the 17-nation currency is now making progress against the US dollar, and the greenback’s performance against other majors is mixed. Concerns about the political situation in Europe weighed on the euro a little bit yesterday, as well as earlier today. US dollar got a boost on the risk … “US Dollar Pares Some of Its Earlier Gains”
Ruble Drops with Crude Oil, Erases Losses Later
The Russian ruble advanced today, erasing its previous losses. Earlier, the currency declined as the worsening market sentiment hurt prices for crude oil, Russia’s major source of export revenue. Futures on crude oil lost 0.2 percent to $95.95 per barrel in New York today. Prices dropped as the traders’ mood was spoiled by the political turmoil in Europe. That drove investors away from the ruble, but the currency managed to recover even … “Ruble Drops with Crude Oil, Erases Losses Later”
AUD Weak After RBA Statement, Manages to Rise vs. JPY
The Australian dollar fell today after the Reserve Bank of Australia indicated in its policy statement that an interest rate cut is likely in the future. The currency rose a little against the Japanese yen as other news from Australia was positive for the most part. The RBA kept its main interest rate stable at 3 percent. Overall, the accompanying statement was mildly optimistic, saying that for global growth “the downside risks appear … “AUD Weak After RBA Statement, Manages to Rise vs. JPY”
NZ Dollar Follows Commodities in Decline
The New Zealand dollar fell today against its US peer as commodities retreated amid political turmoil in the European Union. The currency also dropped versus the Japanese yen after touching the highest level since August 2008. The European political picture currently looks uncertain and that deters investors from riskier assets. The Standard & Poorâs GSCI Index, which consists of 24 commodities, declined 0.8 percent. On top of that, … “NZ Dollar Follows Commodities in Decline”
CAD Rallies vs. EUR on Political Concerns, Falls vs. USD & JPY
The Canadian dollar rallied against the euro today as political turmoil in Spain undermined the strength of the shared European currency. The loonie erased its gains versus the US dollar and fell against the Japanese yen after reaching the highest level since May 2010. It looked like the situation in Europe was stabilizing, but fears unexpectedly reemerged after the corruption scandal. Newspapers reported that Spanish Prime Minister Mariano Rajoy has … “CAD Rallies vs. EUR on Political Concerns, Falls vs. USD & JPY”
Political Concerns Halt Euro Rally
Did Forex traders get too excited about the euro recently? That’s what many are wondering as political concerns halt the recent euro rally and send the 17-nation currency plunging. Political concerns in Spain and Italy, as well as speculation about the upcoming European Central Bank meeting, are weighing on the euro today. There are thoughts that maybe the euro isn’t quite ready to support its recent gains. Political instability … “Political Concerns Halt Euro Rally”
Tradable Adds CorrSight and Knowsis to provide apps for
Danish start-up tradable continues developing: they now announced that they are adding CorrSight and Knowsis to their AppStore. CorrSight is the creator of Traders’ Compass and Knowsis specializes in social analytics for the financial community. Tradable recently started a cooperation with Dow Jones on an FX News application. For more about these new providers and the … “Tradable Adds CorrSight and Knowsis to provide apps for”